Kranti Industries Reports Negative Performance in Q2 2024, Concerns Over Cash Flow and Debt-Equity Ratio
Kranti Industries, a microcap auto ancillary company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Kranti Industries has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has improved slightly from -14 to -10 in the last three months.
One of the major concerns for Kranti Industries is its declining operating cash flow. The company's annual operating cash flow has been consistently decreasing over the past three years, with the latest figure at a low of Rs -0.55 crore. This indicates that the company's cash revenues from business operations are also falling.
In addition, the company's net sales for the quarter have also shown a negative trend, with the latest figure at Rs 19.26 crore, the lowest in the last five quarters. This is a decrease of 8.9% from the average net sales of the previous four quarters, indicating a near-term negative sales trend.
Moreover, Kranti Industries' cash and cash equivalents have also been on a decline, with the latest figure at Rs 0.01 crore in the last six half-yearly periods. This suggests that the company's short-term liquidity is deteriorating.
Another concerning factor is the company's debt-equity ratio, which has reached a high of 1.29 times in the last five half-yearly periods. This indicates that the company is borrowing more to fund its operations, which could potentially lead to a stressed liquidity situation.
Overall, the financial results for the quarter ending September 2024 do not paint a positive picture for Kranti Industries. Investors should carefully consider these factors before making any investment decisions.
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